NODK NI Holdings, Inc.

XNAS
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Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Fibonacci levels Insider trading

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

NODK — —
Key stats
About
Industry (SIC)
FIRE, MARINE & CASUALTY INSURANCE (6331) · industry map
Exchange
XNAS
Market Cap
$0.3B
Employees
172
List Date
2017-03-16
CIK
0001681206
Next Earnings
2026-11-06
Headquarters
Fargo, ND
Homepage
https://www.niholdingsinc.com

NI Holdings Inc is a stockholding company. Through its subsidiaries, the company operates in the insurance industry, offering homeowners and farmowners insurance policies, crop insurance policies, home insurance policies, etc. These insurance products are distributed through a network of exclusive and independent agents across the United States. The group's reportable segments are: Private Passenger Auto, Non-Standard Auto, Home and Farm, Crop, and All Other (which mainly consists of commercial, assumed reinsurance, and its excess liability business). Maximum revenue is generated from the Home…

Summary
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composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
'21'22'23'24'25'26Avg
Jan5.13%-0.36%-1.34%3.17%-2.96%2.64%1.05%
Feb4.88%-2.92%0.44%4.32%-5.13%-1.70%-0.02%
Mar-0.86%-6.30%-6.14%6.77%0.78%-3.16%-1.49%
Apr0.16%-7.63%3.93%-1.00%-11.41%1.66%-2.38%
May-2.26%6.64%5.38%3.90%5.15%8.37%4.53%
Jun-3.55%-1.14%10.82%-0.07%-3.12%12.50%2.57%
Jul2.70%-13.42%-7.01%9.39%-0.47%-4.87%-2.28%
Aug0.10%-12.99%-7.74%0.19%7.03%-3.47%-2.81%
Sep-10.59%1.98%0.86%3.98%3.75%-0.60%-0.10%
Oct10.26%2.11%-0.86%1.75%-1.05%-0.73%*1.91%
Nov-6.03%1.05%7.33%3.46%2.41%--1.64%
Dec2.16%1.07%-0.15%-0.57%-0.15%--0.47%
Total0.42%-29.29%3.78%40.89%-6.37%9.73%3.20%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $14.85
SMA 50: $15.01
SMA 200: $14.29
Current: $14.88
EMA 12: $14.82
EMA 26: $14.89
MACD: -0.0620 | Signal: 0.0158
BEARISH
ADX (14): 26.43
TREND
+DI: 18.64
−DI: 12.38

Momentum Oscillators

RSI (14): 49.52
NEUTRAL
Stoch %K: 32.74
Stoch %D: 18.41
Williams %R: -38.63

Volume & Volatility

BB Upper: $15.03
BB Lower: $14.67
NEUTRAL
OBV: -619,968
Vol SMA 20: 20,370
Vol ROC: -89.10%
ATR: $0.33
True Range: $0.27
HV 20: 11.2%
HV 30: 11.6%
HV 60: 14.3%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis

Click Frenzy-Pro™ for an AI analysis of this ticker.

Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.

NODK Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: -0.0196
Alpha: 11.77%
Correlation: -0.0121
R-Squared: 0.0%
Stock Volatility: 20.6%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Negative beta - stock moves opposite to market
Beta & Alpha Over Time
Notable investors who own NODK
2 of 37 tracked investors
InvestorValueShare of their portfolioRankQ/Q sharesSource
Renaissance Technologies Hedge fund
Jim Simons
$1.5M
0.00%
#2138 of 3138+4.3%13F
Citadel Hedge fund
Ken Griffin
$285K
0.00%
#5114 of 6285new13F

Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions

NODK Institutional Ownership (13F)

Latest filings — 2026-09-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

80 filers5,460,152 shares$84.88M value
# Filer Shares Value % of Total % of Float Period
1 M3F, Inc. 1,552,020 $24.38M 28.72% — 2026-06-30
2 Newtyn Management, LLC 670,000 $10.53M 12.40% — 2026-06-30
3 BlackRock, Inc. Custodian 545,925 $8.58M 10.10% — 2026-06-30
4 Dimensional Fund Advisors LP Custodian 360,722 $5.67M 6.68% — 2026-06-30
5 Vanguard Group Inc Custodian 365,840 $4.87M 5.73% — 2025-12-31
6 Vanguard Capital Management LLC 288,170 $4.53M 5.33% — 2026-06-30
7 Geode Capital Management, LLC Custodian 181,574 $2.85M 3.36% — 2026-06-30
8 Morgan Stanley Custodian 181,564 $2.85M 3.36% — 2026-06-30
9 State Street Corp 134,886 $2.12M 2.50% — 2026-06-30
10 Minerva Advisors LLC 129,900 $2.04M 2.40% — 2026-06-30
11 TCW GROUP INC 126,899 $1.99M 2.35% — 2026-06-30
12 Orchard Capital Management, LLC 120,742 $1.90M 2.23% — 2026-06-30
13 RENAISSANCE TECHNOLOGIES LLC 92,991 $1.46M 1.72% — 2026-06-30
14 Universal- Beteiligungs- und Servicegesellschaft mbH 70,546 $1.11M 1.31% — 2026-06-30
15 BRIDGEWAY CAPITAL MANAGEMENT, LLC 66,474 $1.04M 1.23% — 2026-06-30
16 Arbiter Partners Capital Management LLC 62,592 $983.32K 1.16% — 2026-06-30
17 Northern Trust Corp Custodian 54,193 $851.37K 1.00% — 2026-06-30
18 Vanguard Fiduciary Trust Co 50,770 $797.60K 0.94% — 2026-06-30
19 CALDWELL SUTTER CAPITAL, INC. 44,469 $698.61K 0.82% — 2026-06-30
20 Vanguard Portfolio Management LLC 44,468 $698.59K 0.82% — 2026-06-30
21 BOOTHBAY FUND MANAGEMENT, LLC 42,200 $662.96K 0.78% — 2026-06-30
22 Empowered Funds, LLC Custodian 30,974 $486.60K 0.57% — 2026-06-30
23 Goldman Sachs Group Inc Custodian 26,484 $416.06K 0.49% — 2026-06-30
24 Charles Schwab Investment Management, Inc. 25,329 $397.92K 0.47% — 2026-06-30
25 AQR Capital Management, LLC Custodian 23,672 $371.89K 0.44% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period

NODK Insider Trading (Form 4)

Latest: 2026-05-21
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
Filed Reporter Role Action Shares Avg Price Net $ Link
2026-05-21 Dave L. Stende Director Award (A) +5,015 — EDGAR
2026-05-21 Prakash Mathew Director Award (A) +5,015 — EDGAR
2026-05-21 Eric K. Aasmundstad Director Award (A) +5,015 — EDGAR
2026-05-21 Jeffrey R. Missling Director Award (A) +5,015 — EDGAR
2026-05-21 William Russell Devlin Director Award (A) +5,015 — EDGAR
2026-05-21 Callie Jean Thomas Director Award (A) +5,015 — EDGAR
2026-05-21 Dana John Kaldor Director Award (A) +5,015 — EDGAR
2026-03-03 Matthew James Maki Chief Financial Officer Mixed +18,641 $13.28 -$53.9K EDGAR
2026-03-03 Kevin Douglas Elfstrand Chief Accounting Officer Mixed +7,948 $13.28 -$18.0K EDGAR
2026-03-03 Cindy Launer Chief Executive Officer Award (A) +56,000 — EDGAR
2026-03-03 Douglas Alan Duncan Chief Information Officer Award (A) +11,100 — EDGAR
2026-02-05 Matthew James Maki Chief Financial Officer Tax (F) −119 $13.57 -$1.6K EDGAR
2026-01-14 Matthew James Maki Chief Financial Officer Tax (F) −115 $13.27 -$1.5K EDGAR
2026-01-14 Matthew James Maki Chief Financial Officer Tax (F) −111 $13.32 -$1.5K EDGAR
2026-01-14 Cindy Launer Chief Executive Officer Award (A) +14,076 — EDGAR
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.

NODK Insider Holdings

13 insiders · @ $14.88
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
# Insider Role Shares Disclosed Exposure Lifetime OM Net Filings Last Filed
1 Cindy Launer Chief Executive Officer 90,800 $1.35M $0 8 2026-03-03
2 Seth C. Daggett Chief Executive Officer 42,963 $639.3K $0 7 2025-03-05
3 Eric K. Aasmundstad Director 41,153 $612.4K $0 10 2026-05-21
4 Matthew James Maki Chief Financial Officer 39,023 $580.7K $0 8 2026-03-03
5 William Russell Devlin Director 36,739 $546.7K $0 10 2026-05-21
6 Duaine Espegard Director 36,724 $546.5K $0 9 2025-05-23
7 Jeffrey R. Missling Director 32,739 $487.2K $0 10 2026-05-21
8 Kevin Douglas Elfstrand Chief Accounting Officer 23,243 $345.9K $0 1 2026-03-03
9 Prakash Mathew Director 16,139 $240.1K $0 4 2026-05-21
10 Douglas Alan Duncan Chief Information Officer 11,100 $165.2K $0 1 2026-03-03
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.

NODK Board & Officers

As of SEC filings through May 21, 2026

Directors 8

Officers 4

Changes in the last 10 years (34)
May 19, 2026Dana John Kaldor became a director
May 19, 2026Callie Jean Thomas became a director
Feb 17, 2026The company announced the departure of Duaine Espegard from the board in an SEC filing
Jan 14, 2026Cindy Launer first listed as Chief Executive Officer in an SEC filing
Oct 29, 2025The company announced the departure of Seth C. Daggett as Chief Executive Officer in an SEC filing
Oct 10, 2025The company announced the departure of Seth C. Daggett from the board in an SEC filing
Jun 1, 2025Kevin Douglas Elfstrand became SVP, Chief Accounting Officer
May 27, 2025Douglas Alan Duncan became SVP, Chief Information Officer
Apr 1, 2025Dave L. Stende became a director
Mar 5, 2025Matthew James Maki listed as Chief Financial Officer (previously Interim CFO) in SEC filings
Feb 25, 2025The company announced the departure of Stephen V. Marlow from the board in an SEC filing
Dec 4, 2024Seth C. Daggett listed as Chief Executive Officer (previously EVP, Treasurer and CFO) in SEC filings
Dec 4, 2024Seth C. Daggett first listed as a director in an SEC filing
Dec 1, 2024Matthew James Maki became Interim CFO
Nov 27, 2024The company announced the departure of Patrick W. Duncan as SVP of Operations in an SEC filing
Sep 16, 2024The company announced the departure of Michael J. Alexander as President & CEO in an SEC filing
Aug 13, 2024The company announced the departure of Michael J. Alexander from the board in an SEC filing
Feb 1, 2023Prakash Mathew became a director
Mar 3, 2022Seth C. Daggett listed as EVP, Treasurer and CFO (previously EVP of Strategy) in SEC filings
Mar 3, 2022Patrick W. Duncan listed as SVP of Operations (previously Vice President of Operations) in SEC filings
Not reported recently (4)
  • Timothy J. Milius · Last reported as Vice President of Finance in an SEC filing dated Mar 3, 2022
  • Brian R. Doom · Last reported as Executive Vice President & CFO in an SEC filing dated Mar 3, 2021
  • Nodak Mutual Group, Inc. · Last reported as a 10% owner in an SEC filing dated Apr 5, 2018
  • Brad J. Larson · Last reported as Regional Sales Director in an SEC filing dated Mar 15, 2017
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
ETF Holders
26 ETFs hold NODK
25 shown · $13.92M total exposure · 0.00% AUM-weighted avg weight
# ETF Provider Weight $ Exposure ETF AUM As Of
1 VTI Vanguard Morningstar Total Stock Market ETF Vanguard 0.00% $2.8M — 2026-09-30
2 IWM iShares Russell 2000 ETF iShares (BlackRock) 0.00% $2.6M $74.2B 2026-10-21
3 DFAT Dimensional US Targeted Value ETF Dimensional 0.01% $1.6M — 2026-10-21
4 VXF Vanguard Extended Market ETF Vanguard 0.00% $1.4M — 2026-09-30
5 DFAS Dimensional US Small Cap ETF Dimensional 0.00% $1.0M — 2026-10-21
6 IWN iShares Russell 2000 Value ETF iShares (BlackRock) 0.01% $1.0M $13.9B 2026-10-21
7 DFAC Dimensional US Core Equity 2 ETF Dimensional 0.00% $768,705 — 2026-10-21
8 DFMC Dimensional US Micro Cap ETF Dimensional 0.01% $677,257 — 2026-10-21
9 VTWO Vanguard Russell 2000 ETF Vanguard 0.00% $583,626 — 2026-09-30
10 BSVO EA Bridgeway Omni Small-Cap Value ETF Nport 0.02% $486,602 — 2026-06-30
11 DCOR Dimensional US Core Equity 1 ETF Dimensional 0.00% $324,330 — 2026-10-21
12 IWC iShares Micro-Cap ETF iShares (BlackRock) 0.02% $302,634 $1.2B 2026-10-21
13 DXUV Dimensional US Vector Equity ETF Dimensional 0.00% $162,487 — 2026-10-21
14 VTWV Vanguard Russell 2000 Value ETF Vanguard 0.01% $94,682 — 2026-09-30
15 RSSL Global X Russell 2000 ETF Global X 0.00% $49,146 — 2026-10-22
16 DFUS Dimensional US Equity Market ETF Dimensional 0.00% $15,366 $21.2B 2026-10-21
17 DFSU Dimensional US Sustainability Core 1 ETF Dimensional 0.00% $10,526 $2.4B 2026-10-21
18 VTHR Vanguard Russell 3000 ETF Vanguard 0.00% $6,595 — 2026-09-30
19 ITWO ProShares Russell 2000 High Income ETF ProShares 0.00% $5,789 — 2026-10-22
20 MSSM Morgan Stanley Pathway Small-Mid Cap Equity ETF Nport 0.00% $5,117 — 2026-05-31
21 URTY ProShares UltraPro Russell2000 ProShares 0.00% $4,431 — 2026-10-22
22 UWM ProShares Ultra Russell2000 ProShares 0.00% $2,954 — 2026-10-22
23 AVTM Avantis Total Equity Markets ETF Avantis 0.00% $351 $785.5M 2026-10-21
24 DFAU Dimensional US Core Equity Market ETF Dimensional 0.00% $234 $13.0B 2026-10-21
25 HDG ProShares Hedge Replication ETF ProShares 0.00% $119 — 2026-10-22
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.